For those that are searching for a home in the MILLION plus category there are currently 82 active listings plus 7 brand new listings and 3 listings have price improvements in Naperville, IL. The million plus niche category has a lot of choices currently all the way up to $5M!
With only 3 homes that are in "pending" status that should close in the next 30-45 days and 5 under contract - the numbers say it all....lots of choices for buyers and a longer wait for sellers.
With only 4 closed listings year-to-date in 2017 we will probably see more price improvements as sellers lower their expectations.
As relocations slow down and fewer employees wish to relocate out of the area...senior management buyers and independent business owners are not as available as in past years. Seller's just need to be patient and hope that their luxury home is a perfect fit for the available buyers that are looking in this niche!